The economic environment of a business is of great importance as it has a major impact on determining the success or failure of the business. It consists of external factors in a business market and the broader economy that can influence a business. External factors act as an external restraint on business meaning one has less, or no control over these factors. Macro -economic factors are wider factors that affect the whole economy, the business and stakeholders. Examples of Macroeconomic factors include: Taxes Savings rates Interest rates Consumer discretionary income Recession Unemployment rate Depression Currency exchange rates Micro-economic factors are economic factors that affect the decision making of the business, however this are…
information on the background of Start-up businesses and the factors influencing the performance of start-up businesses. The chapter also gives includes the statement of the problem being studied, general objective of the study, specific objectives of the study and the hypotheses of the study. 1.2 Background Iinformation The study seeks to find out the factors influencing the performance of start-up businesses in Northampton United Kingdom. Entrepreneurs create thousands of new business each…
INTRODUCTION In considering the macro-environment, the importance of analysing the factors that can have an effect or influence the demand and supply of an organisation must be put into application (Kotter and Schlesinger, 1991). According to Dr. Paul (2014) “A PEST/PESTEL analysis is a framework or tool used by marketers to analyse and monitor the macro-environmental factors that have an impact on an organisation”. The PESTEL factors are those components that make up the macro-environment.…
From past few years the company is committed to work for health and well-being of the people, for this they have reduces the saturates level in Walkers crisp by 70 to 80% whereas the level of salt is reduced by 25 to 55% in entire product line of Walker. Walkers Snack Food Ltd is shifting towards nutrient levels, delivering nutritious and innovative products and changing marketing practices in order to create such platform dedicated to global implementation of new commitment and goals (Van,…
In considering the macro-environment, the importance of analysing the factors that can have an effect or influence the demand and supply of an organisation must be put into application (Kotter and Schlesinger, 1991). The PESTEL factors are those components that make up the macro-environment. These factors include political, economic, social, technological, environmental and legal factors. According to Kotler (1998), PESTLE analysis is an effective vital tool that is used in understanding the…
coherence between socio-economic factors and good health has been observed over a few decades and, that the socio –economic factors have a massive impact on the health of the individual are not new. Today, the Government UK provides a range of health campaigns, to alert the public to live healthier. Health promotions in schools, children centre, and community centre or in the hospital taking place. Such for example,” the fit for life campaign, “where the main focus is to eat healthy food.…
PESTEL analysis of the macro-environment There are many factors in the macro-environment that will effect the decisions of the managers of any organisation. Tax changes, new laws, trade barriers, demographic change and government policy changes are all examples of macro change. To help analyse these factors managers can categorise them using the PESTEL model. This classification distinguishes between: • Political factors. These refer to government policy such as the degree of intervention in…
region within the country (John Swarbrooke, 2001). Tourism becomes the popular recreation activity now days around the globe. It relates to both domestic and international. International tourism create a good influence on country's balance of payments either it is incoming tour or outgoing. Now, this tourism industry becomes a key income source for many countries, and it concern with the economy of two countries at a time i.e. source and host country. United Kingdom is including in world’s…
This literature review aims to discover the clinical practice gap in the delivery of safe and evidence-based practice when caring for people with diabetes. Among five domains of the National Health Service (NHS) Framework Outcomes 2016/17 (Department of Health [DoH], 2016) Domain 2 “enhancing the quality of life for people with long-term condition” has been chosen as it relates to the topic “Diabetes” as a long term condition. This assignment begins with the background information regarding…
INTRODUCTIONS: The herbal medicinal products are demand export products in Srilanka. Many Europe countries have increased their herbal product consumption. From ancient time our fore fathers have found medicinal, spiritual and physical relaxation from herbal and natural product. Many divisions of the populations have changed in to herbal product that output from increased the health knowledge harmful side effect and product withdrawal of chemical product build more market opportunities both…